ONG (Ontology Gas) rose 16.12% in 24 hours

Gate News Bot message, August 25, according to CoinMarketCap data, as of the time of writing, ONG (Ontology Gas) is currently priced at $0.21, having risen 16.12% in the last 24 hours, with a high of $0.23 and a low of $0.16. The current market capitalization is approximately $878,000, an increase of $1.22 million compared to yesterday.

Ontology Gas (ONG) is the fuel token of the Ontology blockchain, used to pay for transaction fees and the execution of smart contracts. Ontology is a high-performance public multi-chain project and distributed trust collaboration platform, committed to providing decentralized identity and data solutions for Web3. ONG is obtained by staking ONT tokens, and users can manage assets, identities, and interact with dApps through the ONTO wallet.

Important news about ONG recently:

1️⃣ Ontology Staking Guide Released, Expected to Increase ONG Demand The blockchain media platform recently released a detailed staking guide for Ontology, which explains how to stake ONT to earn ONG rewards. The release of this guide may attract more investors to participate in the Ontology ecosystem, thereby increasing the demand and usage of ONG.

2️⃣ ONG Price Prediction Analysis Sparks Attention Many cryptocurrency analysis platforms recently released price prediction reports for ONG, conducting in-depth analyses of its future performance. The release of these analysis reports may have prompted investors to reassess the potential value of ONG, driving a rise in price in the short term.

3️⃣ Ontology Ecosystem Continuous Development Ontology, as a platform dedicated to providing decentralized identity and data solutions for Web3, is continuously expanding its ecosystem. As the fuel token of the Ontology network, the value of ONG is closely related to the development of the entire ecosystem. Recent continuous progress of Ontology in the Web3 field may be an important factor driving the rise of ONG prices.

From a technical perspective, ONG has broken through previous resistance levels, showing strong pump momentum. However, investors should remain vigilant of the potential correction risks that may arise in the short term.

This message does not constitute investment advice, and investors should be aware of market volatility risks.